According to the “Asahi Shimbun”, citing officials who did not wish to be named, Japanese Prime Minister Takaichi Sanae will issue a relevant decree on Thursday as soon as possible to begin reducing the consumption tax on food and beverage products to 1% and maintain the implementation process for two years. Also, according to “Nikkei Shimbun,” Takaichi Sanae is expected to officially announce the tax reduction plan within this week.

According to the “Asahi Shimbun”, citing officials who did not wish to be named, Japanese Prime Minister Takaichi Sanae will issue a relevant decree on Thursday as soon as possible to begin reducing the consumption tax on food and beverage products to 1% and maintain the implementation process for two years. Also, according to “Nikkei Shimbun,” Takaichi Sanae is expected to officially announce the tax reduction plan within this week.